C7O - Approve School Concurrency Agreement for Abbott

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving And Authorizing The City Manager To Execute A Public School Concurrency Proportionate Share Mitigation Development Agreement (“agreement”), Attached Hereto As “exhibit 1”, Between The City Of Miami Beach (“city”), Miami-dade County School Board (m-dcsb) And The Following Property Owner: Abbott Avenue Partners, Llc Referred To As “property Owner”, 409 71st Street, 430 72nd Street, 7120-7140 Abbott Avenue And 7117-7135 Byron Avenue (hereinafter The “property”); Which Agreement Provides For The Payment Of Mitigation Toward School Board Concurrency By Property Owners To M-dcs Due To The Property Owner’s Application To Construct Multifamily Residential Units On The Property; And Which Agreement Is Consistent With The Requirements Of The Amended And Restated Interlocal Agreement (ila) Between M-dcsb And The City, Dated December 12, 2007.